If you’re on the lookout for a robust trading system, let me introduce you to the Rj Sliding Range System. This system is designed to enhance your trading strategy by signaling potential entry points while allowing you to set a fixed holding time for your positions.
Here’s how it works: the system generates a signal when a bar closes and there’s a channel breakthrough. If the holding time for your position exceeds a set limit, the position will be automatically closed. This feature can help you manage your trades more effectively and avoid unnecessary losses.
input bool TimeTrade=true; //Enable position exit by time input uint nTime=1920; //Open position holding time in minutes
This Expert Advisor leverages the compiled indicator file Rj_SlidingRangeRj_Digit_System.ex5 to operate seamlessly. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators folder for it to work.
During testing, we used the default input parameters for the Expert Advisor, which yielded some interesting results. Check out the chart below for a visual representation of trades taken with this system:
Fig. 1. Examples of trades on the chart
Looking at the testing results from 2017 for the EURAUD H8 pair, we can see the effectiveness of the system:
Fig. 2. Testing results chart
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